The number of cryptocurrency holders is projected to increase nearly 10-fold, from the current 22 million to 200 million worldwide by 2020. The simplest way to become an owner of cryptocurrency is by selling goods for crypto. This approach will drive mass adoption in the coming years.
Capitalization of the cryptocurrency market is around $400 billion. There is a great demand to spend that wealth by buying real world goods for crypto.
Nearly half of all online buying and selling activity now occurs in marketplaces, while mobile commerce will soon surpass web commerce as global smartphone penetration reaches 37% of world’s population by 2020.
Ubcoin is a brand-new cryptocurrency that is ideal for people in the industry who want to use currency to exchange for goods. The Ubcoin Market is said to be the easiest way to make exchanges with cryptocurrencies online for real tangible goods or vice versa as well. Check this article to get in to Ubcoin for more.
ABOUT UBCOIN
Ubcoin is an online marketplace that offers its users an opportunity of becoming crypto currency investors. In addition to the investment opportunities, it also lets the users to perform trading (buying or selling) of various products or services by the exchange or transfer of crypto coins. All the exchanges performed in this platform are usually safe and secure in nature.
A lot of consumers, crypto currency miners and investors are finding numerous applications with the platform of Ubcoin, since it offers a variety of benefits to them. It purely relies on smart contracts and it is being designed over the blockchain of ethereum (ETH). It uses peer – to – peer mechanism for its operation.
Ubcoin market got emerged from its parent company known as ‘UBANK’ where Ubank is a leading mobile financing company located in Eastern Europe. Ubank was established in the year of 2009, with an user base of around 16 million all across the globe. It also has a mobile application, which helps the users in accessing Ubcoin easily from their mobile devices. Off course, Ubcoin mobile application is now available as a default installation feature in most of the renowned smart phone brands like ‘Fly’, ‘samsung’ (galaxy models) and so on. Such default installation is done in countries like Armenia, Moldova and Russia and so on.
The Ubcoin Marketplace is not a greenfield project, but an extension of the Ubank mobile app:
- A matured company, existing since 2009
- Current product, Ubank, has over 16 million installations worldwide
- Consist of 50+ developers, top management and advisor talent
- Ubcoin will enhance and reinvent existing product value proposition
- Samsung and Fly pre-install our current product on all smartphones, sold in CIS, including flagship Galaxy 9. The token sale seeks to raise financing to expedite development of Ethereum blockchain-based smart contracts, of AI-based screening and KYC technology, and to fund global expansion. Ubank app’s unique distribution model through pre-installation by manufacturers will be scaled to new geographies.
As the next leap forward for Ubank, leading mobile payments app in Eastern Europe. Ubcoin now with Ethereum blockchain, exchange-traded UBC cryptocurrency, and peer-to-peer smart contracts for buying and selling goods for cryptocurrency.
UBCOIN FEATURES
Ubcoin has a lot of unique features. There are:
- It is a decentralized investment platform with highly advanced blockchain supported transactions.
- It is a simple, easy but efficient platform for making investments via crypto currencies.
- It is a highly transparent and trust – worthy platform, since its last projects like ‘Ubank’, ‘Utalk’ and ‘Navifon’ were highly successful and trustable.
- It contains an user – friendly interface with a lot of seamless features for the trading of goods and products.
- It is an AI – driven platform that is operated legally across the world.
- It facilitates transfer of goods at an instant manner.
- It offers a discount of around 29% to its investors.
- It offers instant and immediate payments to its users with the help of smart contracts.
- It allows only the access of independent parties, but not any kind of intermediaries or third parties.
- It protects the users from a variety of hacking issues, fraudulence issues and attacks available in the current investment market.
- It does not impose conversion charges unlike the other investment platforms.
- It is a risk free platform for making efficient crypto currency investments.
- It never requires the conversion of users’ money into fiat mode, since it is an acceptor of crypto currency payments.
- It accepts all kinds of crypto currencies including bitcoins (BTC), and Ethereums (ETH) and so on.
- It is compatible with both IOS and Android devices.
- It ensures smoother and secure transactions.
- It provides additional income to its users through its referral campaigns.
HOW UBCOIN WORKS
As far as it goes – every second smart phone sold in CIS countries comes pre-packed with the UBank application already pre-installed onboard. UBank is one of the most common default applications and the next phase is the creation of the Ubcoin Market in the already existing Ubank application. That naturally means, there will almost instantly be over two and a half million users with the app installed on their phone.
As of today, Ubank already has the inside understanding on how to treat investors the right way and also deliver them the promises they make. With more than 16 million people who have downloaded the app on a worldwide basis, they know what they’re doing. And out of those more than 16 million downloads, over 5 million of them are now registered users who are actively using the app. On top of that, more than 20 million transactions are processed by Ubank’s system every year since the year of 2013. That’s a steady, consistent user base that has been happening for more than 5 years now.
The ecosystem for Ubank is designed for exchanging goods to turn them into cryptocurrency and then back again if need be. The platform and application are successfully bridging the gap that has existed between the real world and cryptocurrency.
The Ubcoin marketplace is where the bridging of the gap is happening. It’s the next leap moving forward for the Ubank application. And now they are one of the leading mobile payment applications in Eastern Europe.
Thanks to the Ethereum Blockchain technology, and i’s security plus efficiency, the exchanging and trading of the UBC cryptocurrency is working better than ever. This is also improved due to the peer to peer based smart contracts that are making the platform even more attractive for the users on it. It works great for buying goods with cryptocurrency and vice versa. Ubcoin’s Marketplace is soon going to become a part of the Ubank Application as a new feature.
This will hopefully encourage the mass adoption of the app as they promote it along with the digital assets that are a mean for investing and a means to create settlements both. The peer to peer interaction will be used to cut out as many of the intermediaries as possible. And the platform in turn will also help to facilitate the execution of simple yet advanced smart contracts that operate between two different independent parties involved.
It’s ideally going to help turn it into a legal marketplace complete with AI technology that is going to be used to pre-screen the posting placed by sellers to protect people from possible infringements of reason, morality, safety and ultimately quality, well deserved care for all parties involved.
Now, as if this isn’t enough – the platform will also give users the opportunities to truly benefit from the decentralized network. The initiation and settlement of the company and the successful fulfillment of transactions as well as payments are going to immediately increase upon the performance running under the smart contracts.
It’s a very durable, reliable and downright impeccable interface that is designed to bring harmony as well as the seamless experience of buying and selling real goods online all over the world.
With the open community, the goal has been striving to open their API, so as to develop the best adaptations of the platform being idealized for the specific local needs of the users. They also have a vision of improving engagement of different third-party providers like delivery companies and notaries. You can download the application on the app store or get it on Google.
When it comes to the massive adoption of consumers UBC coins will be obtained without mining or exchanges. They will be deployed by the selling of goods and services. It makes it an easy to use system that is great for people who want to become an owner and investor of cryptocurrency.
As far as miners and cryptocurrency investors go, they can enjoy the wealth provided by the currency when they spend it on real life goods and services. There will be no need to convert it to fiat money, the transactions are instead settled right away in the form of digital currency using the intelligence of smart contracts.
An example would be a camera for 3500 tokens, a watch for 1500, or a tablet for 6500 and once purchased, the total would be 11500 tokens, being deducted from the buyer’s total without him or her having to go through a bunch of exchange rates for prices.
The UBcoin platform will use blockchain technology to create, manage, and operate cryptocurrency that has been tokenized as well as the platform itself. If you go to the website, you can get a very dep and thorough how the process operates by looking at the detailed schematic and graphics. It’s a well put together site with insightful information that can easily be understood by anyone looking at it.
UBCOIN TOKEN ICO DETAILS
Ubcoin has launched its Initial coin offering (ICO) for the purpose of raising funds. The funds need to be raised, in order for meeting the expenses related to global expansion and development.
The tokens of Ubcoin are usually referred to as UBC tokens, where the value of 1 UBC token is equal to 0.00009 Ethereum. These tokens are basically a kind of utility tokens, which are used for buying or selling goods on the Ubcoin market.
Total amount of UBC tokens supplied is 1,5 billion tokens. Hardcap limit is 70 thousand ETH (approx. $49 million @ ETH = $700) Ethereum and the softcap limit is $2 million. The token contract is structured as follows:
- 50% of tokens are allocated to investors during private pre-sale and ICO
- Tokens are issued only if paid for
- All allocations to team, reserve fund, bounty and advisors are pro-rated based on number of tokens sold to the public
- A rational investor can draw these conclusions from our token smart contract:
- Maximum supply of tokens depends on the amount raised
- Investor's share of tokens is NEVER diluted by allocation to team and other purpose
Percentage of discount offered on the pre – sale stage of ICO is 57%
Percentage of discount offered on the 1st stage of ICO is 29%
Percentage of discount offered on the 2nd stage of ICO is 14%
Percentage of discount offered on the 3rd stage of ICO is 0%.
MILESTONE
2006 - 2011
NaviFon launch - mobile navigation application.
Utalk launch - crossplatform messaging client.
Preinstallment agreement with Samsung. Ubank trademark registration.
2013 - 2014
Ubank launch.
Preinstallment agreement with Fly.
Ubank raised $8 million investment from Runa Capital, leading Russian venture investment fund. More than 3 million users.
Preinstallment agreement with Huawei.
2015 - 2017
Strategic partnership with MDM Bank.
Co-branded card launched.
Ubank financial marketplace model launched.
6.1 million downloads of Ubank app on GooglePlay.
Strategic partnership with Sovcombank.
12 million downloads of Ubank app on GooglePlay.
2018 - WE ARE HERE
Beta smart-contract platform developed.
Support and verification team formed.
Beta-testing of MVP through existing app distribution channels with leading smartphone manufacturers.
MVP launch in Eastern Europe.
Basic KYC framework developed.
Q1, 2019
Full version of the app launched in Eastern Europe.
App distribution agreements extended to additional regions.
Beta open API developed.
Q2, 2019
Launch in Middle East and South Korea.
Beta AI-screening developed.
Q3 2019
Launch in South East Asia and South Asia.
Open API available for developers.
Q4, 2019
Launch in Latin America.
Full AI-screening tool rolled out.
2020 - 2022
• Marketplace launched in North America.
• Organic growth of the platform.
• Strategic partnerships with non-crypto online
marketplaces to enrich customer experience.
• Ongoing improvements of technology to enhance
marketplace experience.
UBCOIN TEAM
BOARD OF ADVISERS
Yama Bassam
Adviser
An American entrepreneur and angel investor with over a decade of national and international finance and banking executive experience. Yama is a member of the United States Financial Industry Regulatory Authority (FINRA) since 2003. He has acted as the subject matter expert in regulatory policy development for central banks and has guided national and international banks in corresponding policies, procedures, assessments and remediation plans to ensure compliance with the regulators. He is currently advising several ICOs in Europe and in the Middle East.
Maxim Filin
Adviser
Sr. Executive product division at Motorola mobility (Russia and CIS products) – company known as manufacturer of the only success modular phone in the world. Having huge experience in mobile devices, networks, technologies and years of experience in top industry companies. In the past was responsible for the technical part for Huawei devices in Russia, taking part in Yandex.Kit project and Cyanogen expansion in Russia under young new brand Wileyfox.
Evgeniy Pavlov
Adviser
Evgeniy Pavlov is leading Bitfury sales and business development in Russia, CIS and E.Europe. Before, Evgeniy leads innovation products and services launch for HTC (smartphones and virtual reality systems vendor) Fly (mobile phone vendor), i-Free (contactless NFC payments and e-commerce), Mobifinans (mobile financial services). Evgeniy`s total experience in sales and new products market launch is more then 13 year
Oleg Bud
Adviser
Adviser
Samsung smartphone portfolio management for emerging markets. Innovational mobile products and services development for Samsung mobile. Total 15 years experience working with innovative mobile devices and services. 10 years of experience in product portfolio management. 5 years of experience of VAS and Ecosystem development for CIS markets.
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